First United ( (FUNC) ) has shared an update.
First United Corporation announced its financial results for the first quarter of 2025, reporting a consolidated net income of $5.8 million, an increase from $3.7 million in the same quarter of 2024. Despite challenges in funding due to inflation and high competition, the company experienced margin expansion and stable funding costs. The company plans to invest in strategic hires and technology to enhance customer experience, which is expected to increase salaries, benefits, and data processing expenses. The results reflect a solid performance attributed to the dedication of its associates, with a focus on future growth and improved customer experience.
Spark’s Take on FUNC Stock
According to Spark, TipRanks’ AI Analyst, FUNC is a Neutral.
First United Corporation’s overall stock score reflects a balance of mixed financial performance and strong corporate events. While the company shows financial stability and operational efficiency, concerns over declining revenue and gross profit persist. The technical indicators suggest a bearish market sentiment, but the stock is undervalued with an attractive dividend yield. The recent strong financial results from Q4 2024 provide a positive outlook for future growth.
To see Spark’s full report on FUNC stock, click here.
More about First United
First United Corporation is a bank holding company and the parent company of First United Bank & Trust. It operates in the financial services industry, focusing on banking services.
YTD Price Performance: -15.72%
Average Trading Volume: 28,227
Technical Sentiment Signal: Hold
Current Market Cap: $181.3M
For a thorough assessment of FUNC stock, go to TipRanks’ Stock Analysis page.